InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Releases Unaudited Financial Results for 2023 Half-Year
December 13, 2023

InvestorNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Releases Unaudited Financial Results for 2023 Half-Year

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting on its unaudited financial results for the six months ended June 30, 2023. According to the report, revenuefor the first half of 2023 was $67.1 million, compared with $85.5 million for the same period in 2022; gross profitfor the period totaled $16.8 million, compared with $25.3 million for the first half of 2022; total operating expensescame in at $40.7 million, compared with $52.3 million for the same period in 2022; and net loss totaled $28.6 million for the first half of 2023, compared with $55.1 million for the first half of 2022. In addition, Adjusted EBITDAfor the first half of 2023 was a loss of $21.1 million. Other notable items from the report include the company entering into a definitive agreement and plan of merger with TSH Investment Holding Limited and TSH Merger Sub Limited; the merger is currently expected to close in the Q1 2024, subject to customary closing conditions including an affirmative vote of shareholders. If the merger is completed, the company will become a privately held entity and its ADSs will no longer be listed on NASDAQ. “In the first half of 2023, we fulfilled the service needs from key customers with our continuous strategy on reducing low-margin, high-risk businesses within the Marketing Solutions segment with reasonable targets to curtail cost for operational efficiency and performance,” said iClick Interactive CEO and cofounder Jian “T.J.” Tang in the press release. “The company’s topline performance was affected by slow recovery of economic growth and customer demand after the pandemic. In the future, we will continue to maintain a balanced customer base and core products and services offering, and look forward to improvements on the macroeconomic environment.”

To view the full press release, visit https://ibn.fm/BfCIE

About iClick Interactive Asia Group Limited

iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.

NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).